cryptocurrency / 18 posts found

Understanding Cryptocurrency – How It Works, What Drives It, Should You Buy It

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Understanding Cryptocurrency - How It Works, What Drives It, Should You Buy It   Cryptocurrencies have caught on in the mainstream and have made thousands of people millions of dollars. The most recent boom of Bitcoin now means that if you had invested just $500 8 years ago, you would now be a multi-millionaire. This meteoric rise in the biggest cryptocurrency by market cap has drawn a lot of attention. However, to the everyday man who is used to dealing with hard cash and actual value, cryptocurrencies can seem like an unknown and often unintelligible world. With terms like hash [...]

What Would Happen if Cryptocurrency Became More Popular Than Cash

by Tip
What Would Happen if Cryptocurrency Became More Popular Than Cash? t's not outlandish to think that our current financial system will soon be replaced by cryptocurrency, and the shift will bring about some big changes to the global economy. THE FLIPPENING For a time, Bitcoin seemed unassailable in its dominance of the cryptocurrency market, being the first digital currency to really take root and establish itself in the mainstream. Since then, a host of worthy competitors have emerged, and there’s a real possibility that the balance of power could flip. Many who have been regularly following developments in the cryptocurrency [...]

U.K. Authorities look to Deem Bitcoin as Cash to Facilitate Cryptocurrency Seizures

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U.K. Authorities look to Deem Bitcoin as Cash to Facilitate Cryptocurrency Seizures A new report, published by the N8 Policing Research Partnership, states that law enforcement faces various challenges when it comes to cryptocurrencies and that, although these challenges are mostly driven by the lack of knowledge and tools, they would be lessened if bitcoin were categorized as cash. This would facilitate seizures in the cryptocurrency, which the report states facilitates money laundering and criminal activities. The report starts by associating bitcoin with cybercrime, using WannaCry’s global ransomware campaign and its effects on the NHS as an example of how [...]

Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble

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Is Investing in Bitcoin and Other Cryptocurrencies Worth the Gamble The Technology Behind Cryptocurrencies   The creation of Bitcoin back in 2008 fueled the exponential growth of the cryptocurrency ecosystem, facilitating the creation of a rich diversity of coins and applications that many would deem revolutionary. Those who invested in cheap coins at the outset are reaping huge returns on their capitals, dwarfing the average returns one can acquire in the stock markets. Think about it; if you had bought $1,000 worth of Bitcoin in 2010, you’d be worth a staggering $35 million now. The possibility of earning colossal returns [...]

Malta Entrepreneur has Installed the Country’s First Cryptocurrency ATM

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Malta Entrepreneur has Installed the Country’s First Cryptocurrency ATM A Malta entrepreneur has installed the country’s first cryptocurrency ATM. The installation has occurred just days after local media reported that a start-up had launched a crowdfunding campaign to finance the country’s first bitcoin ATM. The Cryptocurrency ATM Has Been Installed Days After a Crowdfunding Campaign Was Launched to Fund a Rival Terminal A local Malta entrepreneur, Gabriel Cretu Torica, has installed the country’s first cryptocurrency ATM. The terminal has been installed outside a store in Sliema and facilitates bitcoin purchases and balances checks via QR codes.   Mr. Torica discussed [...]

The crypto-currency craze

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The crypto-currency craze   In the late 1990s, as investors woke up to the promise of the internet, shares in any company with dot.com after its name soared to giddy heights. Then the bubble burst. Now there are warnings of another technology investment bubble - this time related to the fascination with crypto-currencies such as Bitcoin. On the Tech Tent podcast this week, we examine the phenomenon of ICOs - Initial Coin Offerings - which have seen over $1bn raised so far this year from investors who get little more than a token and a vague promise of involvement in [...]

Bitcoin is booming because a split in the cryptocurrency has been narrowly averted

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Bitcoin is booming because a split in the cryptocurrency has been narrowly averted   Bitcoin has risen as much as 28% over the past 24 hours, driven by news that an imminent split in the cryptocurrency has been narrowly averted. The price of bitcoin nearly hit $3,000 late on July 20, within spitting distance of its all-time high, set last month. The remarkable rally took place as bitcoin’s miners coalesced around one of several competing proposals that would increase the number of transactions that can be processed on the network. The issue has gained urgency in recent months, because one [...]

3 reasons cryptocurrency prices are in free fall

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3 reasons cryptocurrency prices are in free fall Whether it be Bitcoin or Ethereum, every cryptocurrency has suffered massive losses over the past several days. Prices have dropped to as low as 64 percent, bringing the entire cryptocurrency market cap down to $70 billion from $110 billion. Ethereum’s price has gone from $400 right down to $151 in about a month, leading investors to panic sell. On the other hand, Bitcoin, which dominates the cryptocurrency market is down about 36 percent from its high (it’s currently trading around $1,894). Investors are finding it hard to hold onto cryptocurrencies at such [...]

Cryptocurrencies Took A Hit, But Some Experts Say Now Is the Best Time to Buy

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Cryptocurrencies Took A Hit, But Some Experts Say Now Is the Best Time to Buy   Cryptocurrencies took a hit Tuesday, with bitcoin and ethereum dropping significantly. However, many experts are advising investors to hold, and some are even advising people to buy now.   BLACK CRYPTO TUESDAY Tuesday, July 11, was a rough day in the cryptocurrency world, with very few of the Top 100 Coin Market Cap list cryptocurrencies in green. At the time of this writing, bitcoin was still leading the market after plummeting by 8.8 percent on Tuesday; by Wednesday morning it climbed back a little, [...]

Bitcoin is Permanently Superior to Paper Money in Ways – German Business Magazine

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Bitcoin is Permanently Superior to Paper Money in Ways - German Business Magazine While many mainstream media personalities and analysts remain skeptical about bitcoin (and often rehash misinformation), others are beginning to give cryptocurrency an honest appraisal. The latest comes from leading German business magazine Wirtschafts Woche, which recently published an article praising bitcoin. “The Revolution of Cryptocurrency,” written by economist Thorsten Polleit, argues that the advent of cryptocurrency set off a monetary revolution that could eventually supplant fiat national currencies. Public fiat money, he explains, possesses four inherent flaws: 1. Inflation 2. Monetary distribution inequality 3. The tendency to [...]